Republic Acts1 min read
Section 19Sec./Art. 19
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Disclosures to Prospective Planholders. - No registered pre-need plan shall be sold to prospective planholders unless an information brochure, which has been filed with the Commission, has been provided to the purchaser. The information brochure shall contain an explanation of the principal features of the pre-need plan, a statement that the planholder may avail of a default or reinstatement period within which to reinstate his lapsed plan, and the conditions of the same and the rates of return for scheduled benefit plans and illustrative yields for contingent benefit plans; and such other information that the Commission shall require by rule.
CHAPTER V
LICENSING OF SALES COUNSELORS AND GENERAL AGENTS
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